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The Marginal Cost of Public Funds in Growing Economies
2014
Annals of Economics and Statistics
The marginal cost of public funds (MCF ) measures the cost to the economy of raising government revenue. The MCF can be used to guide reform of the tax system and to determine an e¢ cient level of government expenditure. It can also be used as an input into cost-bene...t analysis. Previous applications of the concept have developed a methodology in a context of a static economy. We develop the methodology of the MCF to extend the concept to growing economies. The extended concept is then
doi:10.15609/annaeconstat2009.113-114.11
fatcat:2zyfpvpptnbdzbg2erln5ztbl4